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Dabur takes small step into African cosmetics market

Dabur takes small step into African cosmetics market

By Simon Pitman

India-based consumer goods and cosmetics player Dabur has just sealed a deal to buy a small South African cosmetics player, paving the way to huge growth potential across the African continent.

Nestlé sells shares back to L’Oréal

Nestlé sells shares back to L’Oréal

By Andrew MCDOUGALL

L’Oréal will buy back 48.5 million of its shares from Nestlé for €6.5 billion in a move which lowers the food group’s stake in the company; although the Swiss firm says it is staying in the agreement for the long haul.

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